Word: baseness
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Dates: during 1940-1949
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Scene of Action. Naval experts have long faced the fact that it is unsafe for a fleet to fight too far from its base, for unless ships can get back to their docks and repair shops, in case of damage, they are at the mercy of enemy submarines and air raiders. The naval rule of thumb for a safe operating radius for a fleet is 2,500 miles from its base. The only fleet operating base of the U. S. Navy in the Pacific is at Pearl Harbor, Hawaii. Only sketchy facilities for planes and light craft exist at other...
...this long-accepted situation has been modified by events. War, if it comes, would now probably be set off by a Japanese attack on the Indies. This would move the scene of action some distance from Japanese as well as from U. S. bases. Such an attack would give the U. S. Britain and The Netherlands as allies, and provide the U. S. with the use of other bases-particularly the first-class British base at Singapore, secondarily the Dutch bases at Surabaya and Amboina, and the Australian base at Port Darwin...
Most logical spot for launching a Japanese drive to the south would be Japan's advance base at Formosa. Most likely main objective would be the island of Borneo, which has the oil supplies that Japan needs. Lightly held by Britain and The Netherlands, Borneo might seem easy to take. But between Formosa and Borneo lie 1,500 miles of water, over which Japan would have to stretch her supply line. Flanking the line are the great British fortress of Singapore, the lesser station at Hong Kong, the U. S. base at Cavite (Manila). Just beyond Borneo...
...group will meet in the Kirkland House Common Room on Sunday night to adopt a program and elect officers. It will base its platform on the two main tenets it has supported throughout the controversy, the reelection of President Roosevelt and the sending of aid to Britain and China in their fight against fascism...
...some $112,000,000 over and above its normal tax before paying on any excess at all (Big Steel's 1939 net income before taxes: $54,095,000). Philip Morris, on the other hand, earns far more than 8% on its capital, would normally choose the base-period option. But because it has forced its way into the big money in the last five years, its average net income in 1936-39 is much less than it will be this year. Philip Morris, like many another young, fast-moving company, will therefore get it in the neck. Similarly...